Report | Intelligent Investment
European Healthcare Real Estate 2026
October 6, 2026 10 Minute Read
Overview
Record investment. Ageing demographics. A structural funding gap. European healthcare real estate is entering a new phase and the opportunity for investors is significant.
European healthcare real estate investment reached a record €23.2bn in 2025. CBRE's new report provides one of the first regional assessments of the sector, combining market, demographic, and funding analysis to help investors identify opportunities across the region.
Key Findings
Five trends shaping European healthcare investment:
-
New capital is entering the sector
Real estate and infrastructure investors are increasingly targeting healthcare, broadening the buyer pool and deepening access to capital.
-
Healthcare investment trails the US
Despite strong demographic demand, European healthcare remains materially under allocated relative to the US, creating substantial investment opportunities.
-
Yields have stabilised
After repricing in 2022-23, prime healthcare yields have largely stabilised, with improving financing conditions supporting potential compression.
-
Funding models drive value
Government reimbursement structures directly influence operator profitability and rent affordability, making funding frameworks central to investment underwriting
-
Joint ventures remain the preferred entry route
Local partnerships provide the market knowledge, relationships and operational expertise needed to navigate a complex sector.
Inside the report
Investment landscape
Where capital is flowing, how pricing and yields are evolving, and why infrastructure investors are entering the sector in growing numbers.
Public and private healthcare
How funding models shape investment risk, which markets offer the strongest growth potential, and how policy is creating new real estate opportunities.
Key markets in focus
Finland, Germany, Italy and Spain – market structure, demographics, investment activity, and key considerations for market entry.
Download the Report
Data, insights, and market analysis shaping healthcare investment across Europe.
